US to extend K-BOSSS contract

The US government has published a notice of intent to award a modification contract to extend the existing Kuwait Base Operation and Security Support Services (K-BOSSS) performed by Vectrus Systems, the company announced on 17 March.

Matt Klein, CFO of Vectrus, said: 'Our 2017 financial guidance issued on March 1, 2017, anticipated an extension of our existing K-BOSSS contract well into the third quarter. This announcement will likely result in a full-year financial contribution from K-BOSSS and we expect to update guidance upon finalisation of the extension.'